Terex Co. (NYSE:TEX) Position Reduced by Royce & Associates LP

Royce & Associates LP trimmed its position in Terex Co. (NYSE:TEX) by 36.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 133,775 shares of the industrial products company’s stock after selling 77,727 shares during the quarter. Royce & Associates LP’s holdings in Terex were worth $6,183,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vestcor Inc lifted its holdings in shares of Terex by 55.9% in the fourth quarter. Vestcor Inc now owns 14,650 shares of the industrial products company’s stock valued at $677,000 after buying an additional 5,250 shares during the period. Moran Wealth Management LLC raised its position in Terex by 3.7% in the fourth quarter. Moran Wealth Management LLC now owns 46,999 shares of the industrial products company’s stock worth $2,172,000 after acquiring an additional 1,660 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Terex by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,779 shares of the industrial products company’s stock valued at $868,000 after acquiring an additional 3,379 shares during the last quarter. Kendall Capital Management boosted its position in shares of Terex by 5.2% during the 4th quarter. Kendall Capital Management now owns 9,720 shares of the industrial products company’s stock valued at $449,000 after purchasing an additional 480 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Terex by 3.8% in the 4th quarter. Edgestream Partners L.P. now owns 77,830 shares of the industrial products company’s stock worth $3,597,000 after purchasing an additional 2,849 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Insider Activity at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $36.96 per share, with a total value of $48,972.00. Following the completion of the transaction, the director now owns 23,308 shares in the company, valued at $861,463.68. The trade was a 6.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

TEX has been the subject of a number of recent research reports. Citigroup cut their price objective on Terex from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com downgraded Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Barclays dropped their price target on Terex from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Truist Financial decreased their target price on shares of Terex from $65.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.33.

Terex Trading Up 0.1 %

NYSE:TEX opened at $39.67 on Wednesday. The stock’s 50-day moving average is $44.41 and its two-hundred day moving average is $49.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.16 and a quick ratio of 1.09. The stock has a market cap of $2.63 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 4.53 and a beta of 1.56. Terex Co. has a fifty-two week low of $36.15 and a fifty-two week high of $68.08.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a net margin of 6.54% and a return on equity of 21.99%. During the same period last year, the firm posted $1.88 EPS. As a group, equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, March 7th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Terex’s dividend payout ratio is 13.71%.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.